What is the difference between a franchise and a company?

Many franchises can be owned as a sole

proprietorship, a corporation, a limited liability company, or many

other business structures. However, franchises do differ from

companies in many different aspects.

A franchisee has to obey certain standards as

set by the larger company or franchisor. This means that

franchisees have to follow certain regulations and stay within

certain parameters to be able to operate their businesses.

A company, on the other hand, is any entity

that engages in business. If you have your own business, you set

the rules, the standards, and the expectations. Often, companies

require much more work than franchises, because you have to do all

the work, as opposed to a franchise where corporate does the heavy

lifting for you.